(AOF) – EssilorLuxottica announces consolidated revenue for the first quarter of 2024 of 6.335 billion euros, up 5.5% at constant exchange rates compared to revenue for the first quarter of 2023 (+3% at current exchange rates). Over this period, the EMEA region recorded a turnover of 2.32 billion euros, up 8.5% compared to the first quarter of 2023 (+5.8% at current exchange rates), i.e. a significant increase compared to the fourth quarter of last year.
The North America region recorded revenue of €2.87 billion, up 1.7% compared to the first quarter of 2023 (+0.6% at current exchange rates).
The Professional Solutions segment recorded a turnover of 3.08 billion euros, up 4.6% compared to 2023 over the same period (+1.8% at current exchange rates).
The Direct to Consumer segment recorded revenue of €3.25 billion, up 6.3% compared to the first quarter of 2023 (+4.2% at current exchange rates).
In addition, EssilorLuxottica confirms its annual revenue growth target of around 5% between 2022 and 2026 at constant exchange rates (based on 2021 pro forma revenue). Over this period, the group anticipates achieving an adjusted operating profit of around 19 to 20% of turnover at the end of this period.
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In France, financial aid aimed at encouraging consumers to repair rather than throw away objects now also applies to clothing and shoes.
The principle remains the same for clothing and shoes as for the selection of electronic products: the consumer must go to an approved repairer to benefit from assistance which cannot exceed 60% of the cost of the repair. The approved organization, “Refashion”, aims to increase the number of repairs by 35% by 2028. The Repair Fund, fueled by “eco-contributions” from brands, finances the operation. However, the question is whether this bonus will have to face the same difficulties as that for household appliances, which has not met with the expected success, in particular due to complex labeling procedures.